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Financial Markets Can Be at Sub-Optimal Equilibria
Joshi, Shareen; Parker, Jeffrey; Bedau, Mark A. - Santa Fe Institute - 1999
We use game theory and the Santa Fe Artificial Stock Market, an agent-based model of an evolving stock market, to study …
Persistent link: https://www.econbiz.de/10005623644
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Chaos in Learning a Simple Two Person Game
Sato, Yuzuru; Akiyama, Eizo; Farmer, J. Doyne - Santa Fe Institute - 2001
We investigate the problem of learning to play a generalized rock-paper-scissors game. Each player attempts to improve her average score by adjusting the frequency of the three possible responses. For the zero-sum case the learning process displays Hamiltonian chaos. The learning trajectory can...
Persistent link: https://www.econbiz.de/10005791038
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Game Theory: An Introduction
Tadelis, Steven - Princeton University Press
This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that … information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games …, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory …
Persistent link: https://www.econbiz.de/10010681117
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An airline revenue management pricing game with seat allocation
Raza, Asif Syed; Akgunduz, Ali - In: International Journal of Revenue Management 2 (2008) 1, pp. 42-62
This paper studies a horizontal fare-pricing competition between two airlines having a single flight leg. Two distinct scenarios are considered. First, the two airlines price competition for the pre-committed booking limits is analysed. The problem is studied under deterministic price sensitive...
Persistent link: https://www.econbiz.de/10008539542
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An airline revenue management pricing game with seat allocation
Raza, Asif Syed; Akgunduz, Ali - In: International Journal of Revenue Management 2 (2008) 1, pp. 42-62
This paper studies a horizontal fare-pricing competition between two airlines having a single flight leg. Two distinct scenarios are considered. First, the two airlines price competition for the pre-committed booking limits is analysed. The problem is studied under deterministic price sensitive...
Persistent link: https://www.econbiz.de/10005751543